https://www.taxtmi.com/article/detailed?id=14657 The Sikkim High Court concluded that Sections 49(6) and 54 of the CGST Act, and the limited scenarios in Section 54(3), do not constitute an express prohibition on refund of unutilized input tax credit upon discontinuation of business; absent statutory authority to retain tax, a registered person with an accumulated ITC balance on closure may claim refund in accordance with the procedural scheme in Section 54, subject to applicable reversals and conditions governing refund claims. en-us Tue, 17 Jun 2025 07:59:02 +0530 Tue, 17 Jun 2025 07:59:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14657 The Sikkim High Court concluded that Sections 49(6) and 54 of the CGST Act, and the limited scenarios in Section 54(3), do not constitute an express prohibition on refund of unutilized input tax credit upon discontinuation of business; absent statutory authority to retain tax, a registered person with an accumulated ITC balance on closure may claim refund in accordance with the procedural scheme in Section 54, subject to applicable reversals and conditions governing refund claims. Articles Goods and Services Tax - GST Tue, 17 Jun 2025 07:59:02 +0530 https://www.taxtmi.com/article/detailed?id=14657